Posted on 10/16/2021 2:17:40 AM PDT by Libloather
**SNIP**
A longtime friend of Barack Obama, Marty Nesbitt has led the fundraising efforts for the Center, whose price tag is now an estimated $830 million.
In 2017, Nesbitt’s private equity fund Vistria and two other investors purchased the University of Phoenix at a bargain price. This, after Obama administration regulations caused the price of the company to crater. Years earlier, the Obama Department of Education began threatening for-profit universities with regulations which could cause damage to their profitability. In 2015, the Pentagon suspended GI Bill funding eligibility for the school as well.
With the college’s income at risk, stock in the company dropped, allowing Nesbitt’s Vistria Group and the other investors to purchase the University’s parent company for $1.14 billion; before the Obama administration’s actions, the company “had been worth almost nine times that price.”
Some of the Department of Education involved with implementing the original regulations, including Deputy Secretary Tony Miller, would leave the administration and actually join Vistria. Education Secretary Arne Duncan shared office space with Vistria after his tenure as Education Secretary ended.
After the price was set, but before the sale was approved, Obama’s Pentagon lifted its suspension on federal money for the University of Phoenix, dramatically increasing the value of Vistria’s new acquisition.
The Obama administration also cracked down on cash advance businesses and, coincidentally, Nesbitt was poised to profit there also. Interestingly, one company would benefit from these regulations: ForwardLine Financial, a cash advance business in California. In October 2015, ForwardLine Financial appointed Marty Nesbitt as the company’s new chairman. While all of its competitors suffered under the new regulations, ForwardLine thrived in the wake of the new rules, actually expanding its business.
(Excerpt) Read more at noisyroom.net ...
And yet, the Husseins live in a mansion on the beach.
“It’s good to be a Democrat”...
“The Corrupt Monetary Operations And Investments In The Obama Presidential Library”
The Corrupt Monetary Operations And Investments In The Obama Temple
There, fixed it
$830 million for a two hole out house inflation is worse than I expected.
The Mohammed Obola Museum of Sh1t.
What kind of sordid loser would enter such a Satanic cesspool?
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